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Jun 17, 2013
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in a bad economy, madoff's lies simply collapsed under their own weight. >> no one was investigating mr. madoff at the end. >> kroft: so he turned himself in before anybody in a position of authority began a serious investigation? >> that's typically how the sec does it. they come in after the crime has been committed, they toe-tag the victims, count the bodies, and try to figure out who the crooks were after the fact, which does none of us any good. >> stahl: the mastermind of the ponzi scheme of all ponzi schemes, bernard madoff, may be in prison, but he is hardly forgotten. his untidy little business that bilked thousands of people out of billions of dollars is no more, but the big question, "where did all the money go?" remains unanswered. irving picard is the court-appointed trustee assigned to find that money and return as much of it as possible to madoff's investors. it's a daunting and thankless task, for while he's suing whoever he can on behalf of the victims, he's also suing many of the victims, those, who he says, benefitted and should have known they were investing in a
in a bad economy, madoff's lies simply collapsed under their own weight. >> no one was investigating mr. madoff at the end. >> kroft: so he turned himself in before anybody in a position of authority began a serious investigation? >> that's typically how the sec does it. they come in after the crime has been committed, they toe-tag the victims, count the bodies, and try to figure out who the crooks were after the fact, which does none of us any good. >> stahl: the...
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Jun 18, 2013
06/13
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economy would not only be a stall on the u.s. economy as we see the policies set be i the fed are being imitated this is what draggy has been doing in europe and in japan. i many own sense is that for a short period of time, probably another two or three quarters. it's important for america to continue to provide the leadership that will allow a global recovery to occur. then we do have to get on with the business of solving structural issues. i don't think it will be easier to solve structural issues if we find ourselves back in the state in the recovery we currently have is going to be questioned. >> i think that's right nevada the confidence fa we node to keep if economy going seems to be correlated to the market's perception of what the fed is doing. and maybe we're surprised by that a little bit because the fundamentals shouldn't be so checked. but the pact is, they are. the psychology, the canesian animal spirits, if you will, seem to be realed to the market's reactions to where the fed is on the issue. and i think what you
economy would not only be a stall on the u.s. economy as we see the policies set be i the fed are being imitated this is what draggy has been doing in europe and in japan. i many own sense is that for a short period of time, probably another two or three quarters. it's important for america to continue to provide the leadership that will allow a global recovery to occur. then we do have to get on with the business of solving structural issues. i don't think it will be easier to solve structural...
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Jun 17, 2013
06/13
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CNN
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so the economy does well, you will see a rising rate environment. at 3.5% on a $250,000 home with 20% down, you pay about $898. the same 30-year fixed mortgage will coáu you 954 bucks at 4%. that's $56 more a month or $672 a year. down payment, credit score and d8income determine the rate youl pay. >> borrowers that are getting the best rate are putting 20% to 25% down. they have income that is documentable. so they're providing w-2s and federal tax returns. and they have an excellent r credit score. something over 700 or 720. >> reporter: a quick closing at a time also helps. >> you get your best rate from a lender if you lock in for 30 days. standard to lock in for 60 days. the longer you go out, the more expensive it will be. >> reporter: ask your lender about a float down provision so your rate could be adjusted lower if rates do slip again. if you're still looking for the right house, make sure you're preapproved for a mortgage. and pay down your debt while interest rates on auto loans and credit cards are still low. >> this is a time to take
so the economy does well, you will see a rising rate environment. at 3.5% on a $250,000 home with 20% down, you pay about $898. the same 30-year fixed mortgage will coáu you 954 bucks at 4%. that's $56 more a month or $672 a year. down payment, credit score and d8income determine the rate youl pay. >> borrowers that are getting the best rate are putting 20% to 25% down. they have income that is documentable. so they're providing w-2s and federal tax returns. and they have an excellent r...
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Jun 16, 2013
06/13
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CNN
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i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. at massmutual we're owned by our policyowners, and they matter most to us. ready to plan for your future? we'll help you get there. always go the extra mile. to treat my low testosterone, i did my research. my doctor and i went with axiron, the only underarm low t treatment. axiron can restore t levels to normal in about 2 weeks in most men. axiron is not for use in women or anyone younger than 18 or men with prostate or breast cancer. women, especially those who are or who may become pregnant and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these symptoms to your doctor. tell your doctor about all medical conditions and medications. serious side effects could include increased risk of prostate cancer; worsening prostate symptoms; decreased sperm count; ankle, feet or body swell
i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. at massmutual we're owned by our policyowners, and they matter most to us. ready to plan for your future? we'll help you get there. always go the extra mile. to treat my low testosterone, i did my research. my doctor and i went with axiron, the only underarm low t treatment. axiron can restore t levels to normal in about 2 weeks in...
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Jun 16, 2013
06/13
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CNN
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the 61-year-old moderate cleric has promised to improve iran's wilting economy and reduce unemployment, which topped 15%. in what could be a key overture to the west, he promised to reduce international tensions over iran's nuclear program. the white house says it remains ready to engage with the iranian government directly. >>> it was a violent night in istanbul, turkey. turkish security forces stormed gezi park, using water cannons and tear gas to force antigovernment protesters out of the park and into side streets. and after hours of fighting, we see this, gezi park completely clear and clean. turkish prime minister erdogan says he plans a counterdemonstration today after the antigovernment message that was sparked over the past two weeks. >>> russia is warning the u.s., enforcing a no-fly zone over syria to help rebel forces could violate international law, but the white house has not decided on establishing a no-fly zone, an idea thrown out there by some republicans. president obama's deputy national security adviser says the fighting between rebel forces and the assad regime is
the 61-year-old moderate cleric has promised to improve iran's wilting economy and reduce unemployment, which topped 15%. in what could be a key overture to the west, he promised to reduce international tensions over iran's nuclear program. the white house says it remains ready to engage with the iranian government directly. >>> it was a violent night in istanbul, turkey. turkish security forces stormed gezi park, using water cannons and tear gas to force antigovernment protesters out...
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Jun 22, 2013
06/13
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a growing economy. the idea that a lot of excess money will flow into the market, of course, scares -- that it will stop happening scares market participants. >> another surprise out of the news conference, moving the goalpost. when the jobless rate hit 7% the fed will likely pull back. we're at 7.6%. explain how lower unemployment could lead to negative results for the market. >> well, it's one of these things where if things go up too fast in terms of the economy then the market participants, in particular those institutions who have now become reliant on monetary policy to drive stocks they may force mr. bernanke to become more aggressive and take the pedal off and put pressure off the pedal and start to taper a little bit. faster. i think that's what most people are worried. we think it's nonsense. fundamentals drive stocks and we're in the mid of a grand transition from dependency on monetary policy to dependency onfuls and we think there's volatility along the way. >> you might be right. volatilit
a growing economy. the idea that a lot of excess money will flow into the market, of course, scares -- that it will stop happening scares market participants. >> another surprise out of the news conference, moving the goalpost. when the jobless rate hit 7% the fed will likely pull back. we're at 7.6%. explain how lower unemployment could lead to negative results for the market. >> well, it's one of these things where if things go up too fast in terms of the economy then the market...
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Jun 19, 2013
06/13
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what about the chart earliert that every time there is a big pump, push of money into the economy it is like you put the money in and the market goes up. what happens? you are saying it may not go down sharply. what happens when it goes away? >> it will bounce around a while. this activity that the fed is involved in, buying these bonds they make stocks look cheaper and people want to get in on stocks. every time the fed has done this. the fundamentals are not that bad. corporate profits are not that bad. if the fed does it right and slowly and take the drugs away in a methodical way stocks will find equilibrium again. in the interim we will have days like this where traders look and try to figure it out. it is unprecedented territory, the fed to be doing this. it is just going to be a rocky ride. there is a chance they mess it up and stocks chance. the chances of that are very slim. >> thank you very much. we will have a new fed chief because ben burn naernanke says getting out. >>> tonight outfront we have an exclusive piece of video of something that happened inside that home. it
what about the chart earliert that every time there is a big pump, push of money into the economy it is like you put the money in and the market goes up. what happens? you are saying it may not go down sharply. what happens when it goes away? >> it will bounce around a while. this activity that the fed is involved in, buying these bonds they make stocks look cheaper and people want to get in on stocks. every time the fed has done this. the fundamentals are not that bad. corporate profits...
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Jun 21, 2013
06/13
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i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. at massmutual we're owned by our policyowners, and they matter most to us. ready to plan for your future? we'll help you get there. >> i'm sorry, this actually never happened to me. >> you know what that is? that is payback, cooper. >> that is going to follow me to my grave. >> he ordered that specifically. you know that. >> i was proud of you in that moment. i watched it live on television. anderson cooper here, ladies and gentlemen. here on "new week." great way to end. we have john berman here with what he learned on the internets. anderson cooper edition. >> you were tasked with just looking stuff up. >> this is like the easiest project ever. things have gone well for me here at cnn. >> this must be a career high point for you. >> indeed, it is. >> he is stalling. don't let him stall you. >> there were 1.2 million hits of that video of you giggling. that's huge on the internet. also big, you k
i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. at massmutual we're owned by our policyowners, and they matter most to us. ready to plan for your future? we'll help you get there. >> i'm sorry, this actually never happened to me. >> you know what that is? that is payback, cooper. >> that is going to follow me to my grave. >> he ordered that specifically. you...
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Jun 21, 2013
06/13
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look, i'm still pretty bullish on the economy as christine knows. the thing that is really interesting about this, carol. the fed and ben bernanke did not announce the other day that they were taking the punch bowl away. they were saying, right, christine, they might take it away some time in the future and just that, so, you know, cause so much nervousness on wall street that you saw this big, this big selloff. i don't expect the selloff to continue. i think this was just a little bit, a temper tantrum because they were -- >> a taper tantrum. >> a taper tantrum. >> absolutely. >> ben bernanke, so interesting, ben bernanke basically said we'll go on a diet some time next year and that's what got everybody so worried about a diet that hasn't started yet. just the fact that he was so clear about going on a diet is why every aen with is concerned. >> taper means the economy is improving. wall street is just kind of jittery because they're not going to be propped up any more. it's not going to hurt them in the long run if the economy is improving. >> bu
look, i'm still pretty bullish on the economy as christine knows. the thing that is really interesting about this, carol. the fed and ben bernanke did not announce the other day that they were taking the punch bowl away. they were saying, right, christine, they might take it away some time in the future and just that, so, you know, cause so much nervousness on wall street that you saw this big, this big selloff. i don't expect the selloff to continue. i think this was just a little bit, a...
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Jun 16, 2013
06/13
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up next, a world economy in turmoil. derail america's economic comeback. christine romans has answers. "your money" starts right now. >>> another week of volatility in the markets. the reason, we global unrest and uncertainty about the fed's role in propping up the economy. i'm christine romans, this is your money. from space, earth appears peaceful. take a closer look. while signs point a u.s. economy ready to take off, the rest of the world is struggling to take flight. riots in turkey. slowing growth in china. unrest over harsh cuts in greece. from extreme greed to extreme fear. concerns over
up next, a world economy in turmoil. derail america's economic comeback. christine romans has answers. "your money" starts right now. >>> another week of volatility in the markets. the reason, we global unrest and uncertainty about the fed's role in propping up the economy. i'm christine romans, this is your money. from space, earth appears peaceful. take a closer look. while signs point a u.s. economy ready to take off, the rest of the world is struggling to take flight....
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Jun 20, 2013
06/13
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this is the world reacting to the economy being well enough so they can pull back sometime next year. >> can i ask a stupid question? >> what's your stupid question. >> first of all, if the economy is doing better, and we all knew the stimulus is temporary, why is this such a surprise? >> that is a great question, because this is exactly what everyone said they thought would happen, that the fed would say stimulus is going to continue, but they would give a road map for how it would be tamped down. that's exactly what happened. the nagging worries you still see in global markets. record unemployment in europe. china's factory output is the slowest in nine months. last year china's growth was the slowest in 13 years, and there's this worry that if you have no fed in the u.s., you have no growth. look how much money the fed has been pumping into the system. you have the fed's balance sheet that has exploded and you still only have 2% growth in the u.s. if you've got china slowing and the fed pulling back at the same time, what is that going to mean for markets, for investors, for intere
this is the world reacting to the economy being well enough so they can pull back sometime next year. >> can i ask a stupid question? >> what's your stupid question. >> first of all, if the economy is doing better, and we all knew the stimulus is temporary, why is this such a surprise? >> that is a great question, because this is exactly what everyone said they thought would happen, that the fed would say stimulus is going to continue, but they would give a road map for...
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Jun 18, 2013
06/13
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i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. at massmutual we're owned by our policyowners, and they matter most to us. ready to plan for your future? we'll help you get there. [ whirring ] [ dog barks ] i want to treat more dogs. ♪ our business needs more cases. [ male announcer ] where do you want to take your business? i need help selling art. [ male announcer ] from broadband to web hosting to mobile apps, small business solutions from at&t have the security you need to get you there. call us. we can show you how at&t solutions can help you do what you do... even better. ♪ >>> our second story "outfront," held captive in ohio. so for the second time if two months we're hearing people being held captive against their will in ohio. this time, a woman and child allegedly held for two years. according to federal authorities, the disabled woman and her daughter were allegedly held in an apartment in ashland, ohio, where they were forced t
i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. at massmutual we're owned by our policyowners, and they matter most to us. ready to plan for your future? we'll help you get there. [ whirring ] [ dog barks ] i want to treat more dogs. ♪ our business needs more cases. [ male announcer ] where do you want to take your business? i need help selling art. [ male announcer ] from...
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Jun 15, 2013
06/13
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there was a little in occupy movement and they went away and went right back on their i-phones when the economy picked up again. here is a young man who is, you know, doing an act of civil disobedience and is fully expecting to take the confidence kwe kwenss no different than dr. martin luther king did. >> what is the difference do you think in the world, i'll ask tom and then go to wendy, in the world he lived in and grew up in. she mentioned dr. martin luther king. what is the difference now for someone who is a millennial to think it is okay to give away these government secrets and for this intelligence? is it something that he doesn't know about the world or something that he does know about the world because of the information age we live in? >> my opinion what i've heard him say publicly makes me think he is politically about as ignorant as anybody i've ever heard and naive. >> you think he is naive. >> extremely naive. so to think that he should save the world himself by giving up confidential information or breaking the law, you know, we have 800 thousand plus people in this country wi
there was a little in occupy movement and they went away and went right back on their i-phones when the economy picked up again. here is a young man who is, you know, doing an act of civil disobedience and is fully expecting to take the confidence kwe kwenss no different than dr. martin luther king did. >> what is the difference do you think in the world, i'll ask tom and then go to wendy, in the world he lived in and grew up in. she mentioned dr. martin luther king. what is the...
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Jun 20, 2013
06/13
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the economy has been just full every month. $85 billion a month the fed has been pumping into the economy. the fed chief yesterday said, you know, eventually things will be good enough in the job market, et cetera, they'll be able to pull that back, and just that consideration have really spooked global markets. i want to give you a snapshot of how everything around the world is moving. you can see gold prices tumbling here today at a two and a half year low, down to 5%. oil prices are falling below $96 a barrel. the ten-year yield, interest rates are rising right now, and the overseas markets, down 1 to 3%. all but about 100 stocks are lower in the u.s. it has been a widespread reaction basically until the markets get used to the fact that the fed won't be in there forever. there are also jobless claims showing a little higher, showing not as much strength in the jobs market as you would like. that spooked people a little bit. nervous investors. also, this, carol, is the end of the quarter. it's coming up here on the end of the first half of the year, so you've got fund managers saying,
the economy has been just full every month. $85 billion a month the fed has been pumping into the economy. the fed chief yesterday said, you know, eventually things will be good enough in the job market, et cetera, they'll be able to pull that back, and just that consideration have really spooked global markets. i want to give you a snapshot of how everything around the world is moving. you can see gold prices tumbling here today at a two and a half year low, down to 5%. oil prices are falling...
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Jun 19, 2013
06/13
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it's pumping $85 billion a month into the economy but with the economy recovering, there's talk the fed may soon turn off that spigot. but when, when, when? investors hoping not soon. sparking a rally yesterday with no clear answer. the dow moving up and down 1 soo points the past six sessions. today, it's b-day, all about ben bernanke. to taper or not to taper. that's the way the banks at cjl puts it. chrysler caved. it took it down to the wire but in the end, chrysler decided to recall 2.7 jeeps. the automaker resisted pressure from the government waited until just the deadline, the government could have forced the recall of all of those jeeps. the jeeps in question, the 1993 to went 03 cherokees and the 2002 to 2007 jeep liberties. chrysler still maintains they are safe but will look over the vehicles -- voluntary recall to look over the vehicles and fix anything that needs to be fixed to avoid a fire. >>> the nsa snooping controversy continues, google filed a first amendment plea against the nsa. google wants to share information with the public about secret government programs. goo
it's pumping $85 billion a month into the economy but with the economy recovering, there's talk the fed may soon turn off that spigot. but when, when, when? investors hoping not soon. sparking a rally yesterday with no clear answer. the dow moving up and down 1 soo points the past six sessions. today, it's b-day, all about ben bernanke. to taper or not to taper. that's the way the banks at cjl puts it. chrysler caved. it took it down to the wire but in the end, chrysler decided to recall 2.7...
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Jun 23, 2013
06/13
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i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. at massmutual we're owned by our policyowners, and they matter most to us. ready to plan for your future? we'll help you get there. ...and we inspected his brakes for free. -free is good. -free is very good. [ male announcer ] now get 50% off brake pads and shoes at meineke. >>> breaking news this hour. nsa leaker ed snowden is in russia. he got off a plane at the moscow airport a couple of hours ago, has not been seen since, could be headed to another country's embassy, could ultimately be headed to a third country to seem asylum from u.s. espionage charges. joining me now by phone is "guardian" columnist glenn greenwald who broke many of the exclusives that snowden was able to provide with the documents that he took from the nsa and has worked closely with him. glenn greenwald, good morning. >> good morning, howard. >> you've said to me and in other interviews this isn't ultimately about ed snow
i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. at massmutual we're owned by our policyowners, and they matter most to us. ready to plan for your future? we'll help you get there. ...and we inspected his brakes for free. -free is good. -free is very good. [ male announcer ] now get 50% off brake pads and shoes at meineke. >>> breaking news this hour. nsa leaker ed snowden...
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Jun 18, 2013
06/13
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who will be the person who will have to withdrawal the massive stimulus and what will happen to the economy and the stock market when that happens. >>> health care prices are going up. costs rise 6.5% next year. that includes doctor visits, drugs, surgery, prices are rising faster than inflation. that's not a news flash. here is the good news. this year, prizes rose 7.5%. it's because people are becoming more cost conscious. they are cutting down on doctor visits and choosing cheaper providers. >>> coming up, cliff rescue. two teenage boys stranded at the top of the cliff and they had no way down. we'll show you the rescue caught on camera. look at that. it's coming up next. the first time i saw a sony 4k tv, it was like opening my eyes. it's four times the detail of hd. colors become richer. details become clearer. which for a filmmaker, changes everything. because now there are no more barriers between the world that i see and the ones i can show you. the sony 4k ultra hd tv. >>> defending the nsa, president obama on the record about why the controversial surveillance program isn't as inv
who will be the person who will have to withdrawal the massive stimulus and what will happen to the economy and the stock market when that happens. >>> health care prices are going up. costs rise 6.5% next year. that includes doctor visits, drugs, surgery, prices are rising faster than inflation. that's not a news flash. here is the good news. this year, prizes rose 7.5%. it's because people are becoming more cost conscious. they are cutting down on doctor visits and choosing cheaper...
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Jun 22, 2013
06/13
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until then i want to hear what grade you are giving to your personal economy. find me on facebook and twitter @christineromans. cnn "newsroom" starts right now. >>> good morning. i'm alison kosik. it's 10:00 on the east coast, 7:00 in the west. this is cnn "newsroom." >>> let's begin with some charges against edward snowden. he admitted that he leaked details of the nsa's surveillance program. he's in hiding in hong kong right now, but the extradition process, it may not be under way. cnn white house correspondent dan lothian joins me now. dan, what are the exact charges? >> reporter: well, he's being charged with espionage and the theft of government property. under espionage according to the complaint, edward snowden being charged for, quote, unauthorized communication of national defense information and willful communication of classified communications intelligence to an unauthorized person. now, this is all very serious. we knew that the justice department was investigating and that there could be these potential charges. this complaint, by the way, was fi
until then i want to hear what grade you are giving to your personal economy. find me on facebook and twitter @christineromans. cnn "newsroom" starts right now. >>> good morning. i'm alison kosik. it's 10:00 on the east coast, 7:00 in the west. this is cnn "newsroom." >>> let's begin with some charges against edward snowden. he admitted that he leaked details of the nsa's surveillance program. he's in hiding in hong kong right now, but the extradition...
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Jun 19, 2013
06/13
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nobody expects they're going to stop pumping money into the economy but we know they're going to do it at some point but wall street is going to be reading between every line to get a sense of timing and nuance. rbc capital markets put it this way the markets will be looking for a distinction between applying less pressure to the gas pedal and hitting the brake. it's that balance that ben bernanke is trying to get right. and meanwhile there's speculation about who's going to succeed mr. bernanke. in an interview with charlie rose president obama said bernanke has already stayed a lot longer than he wanted or he was supposed to. ben bernanke's made no secret of the fact he wants to go home. >>> it has been 684 days since u.s. lost its top credit rating. what are we doing to get it back? there is more good news on housing. the government report shows the pace of home building rose 7%. >>> our fourth story "outfront" evidence mounting tonight against ex-mob boss james known as whitey bulger. prosecution star witness and former hit man john martorano took the stand again today. for the fir
nobody expects they're going to stop pumping money into the economy but we know they're going to do it at some point but wall street is going to be reading between every line to get a sense of timing and nuance. rbc capital markets put it this way the markets will be looking for a distinction between applying less pressure to the gas pedal and hitting the brake. it's that balance that ben bernanke is trying to get right. and meanwhile there's speculation about who's going to succeed mr....
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Jun 21, 2013
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stocks on rocky ground after the dow plunged more than 550 points in two days because the fed said the economy was getting better. today, three major stock indices were calm. they ended the week down 2%. >>> and there are reports of a story, faultout from the george zimmerman -- fallout from the george zimmerman murder trial. the jury is six people, all women. it's in place. the case that's become a hot button for racial kenzie in this country is going to begin -- racial tension in this country is going to begin opening arguments monday morning. what will happen in sanford, florida? the town where 17-year-old trayvon martin was shot and killed last february. if george zimmerman is actually acquitted? david mattingly has more. >>> team three has 15th street -- >> reporter: the clock is ticking for the sanford p.d. and its new chief. >> let's mount up, folks. let's do it. >> reporter: the george zimmerman case exposed a deep bitter divide between the city's police and african-americans. on the job now only since april, chief cecil smith -- >> we're going to walk, knock on doors. >> reporter: hop
stocks on rocky ground after the dow plunged more than 550 points in two days because the fed said the economy was getting better. today, three major stock indices were calm. they ended the week down 2%. >>> and there are reports of a story, faultout from the george zimmerman -- fallout from the george zimmerman murder trial. the jury is six people, all women. it's in place. the case that's become a hot button for racial kenzie in this country is going to begin -- racial tension in...
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Jun 18, 2013
06/13
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i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. at massmutual we're owned by our policyowners, and they matter most to us. ready to plan for your future? we'll help you get there. yeah... try new alka seltzer fruit chews. they work fast on heartburn and taste awesome. these are good. told ya! i'm feeling better already. [ male announcer ] new alka seltzer fruits chews. enjoy the relief! [ male announcer ] new alka seltzer fruits chews. we know it's your videoconference of the day. hi! hi, buddy! that's why the free wifi and hot breakfast are something to smile about. book a great getaway now and feel the hamptonality where over seventy-five percent of store management started as i'm the next american success story. working for a company hourly associates. there's opportunity here. i can use walmart's education benefits to get a degree, maybe work in it, or be an engineer, helping walmart conserve energy. even today, when our store does well, i
i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. at massmutual we're owned by our policyowners, and they matter most to us. ready to plan for your future? we'll help you get there. yeah... try new alka seltzer fruit chews. they work fast on heartburn and taste awesome. these are good. told ya! i'm feeling better already. [ male announcer ] new alka seltzer fruits chews. enjoy the...
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Jun 18, 2013
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economic crisis has shown us is that we need to be able to connect and communicate with other emerging economies. this type of english-only thinking is what's going to keep our country backwards. it is a plus to be bilingual. i'm bilingual. my mother came to this country and she didn't speak english when she got here. she was able to become legalized, learn english and become a citizen. and now she's a business owner. i wouldn't be sitting here today if my mother hasn't been given the opportunity. and we're just asking for the same opportunity for everybody else. >> all right, kathy bird, thank you so much for joining us this morning. >> thank you so much, carol. >> you're welcome. >>> up next in the "newsroom" -- >> i have to believe that you were sent here for a reason. you owe it to yourself to find out what that reason is. >> the man of steel, souperman,a jesus figure? we'll talk about that next. [ female announcer ] last day, deb. checking out of the hilton shouldn't be a pity party. your next trip is calling. saying, "deb, find a view for two at a conrad." or "make room for more at an emba
economic crisis has shown us is that we need to be able to connect and communicate with other emerging economies. this type of english-only thinking is what's going to keep our country backwards. it is a plus to be bilingual. i'm bilingual. my mother came to this country and she didn't speak english when she got here. she was able to become legalized, learn english and become a citizen. and now she's a business owner. i wouldn't be sitting here today if my mother hasn't been given the...
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Jun 19, 2013
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bernanke addressed how the fed might eventually cut back on the $85 billion in stimulus it pumps into the economy each month. but bernanke says for now, the massive bond purchases will continue. we're hearing from brazil that a hike in bus fares from sao paolo has been repealed. the city's mayor and governor of the state made the announcement a short time ago. demonstrations against the hike rockeded city, bringing thousands of people into the streets. and sparking calls for social justice. >>> the group mayors against illegal guns is apologizing for including the name of boston bombing suspect, tamerlan tsarnaev, in a list of gun violence victims, it was read at an event marking six months since the massacre at sandy hook elementary school. the group partially funded by new york city mayor michael bloomberg said it was using a list compiled by slate.com of people killed by guns since the december shooting. >>> now you've probably seen one of his many commercials over the decades, see if you recognize this man. >> you're going to like the way you look. i guarantee it. >> that's george zimmer, co-
bernanke addressed how the fed might eventually cut back on the $85 billion in stimulus it pumps into the economy each month. but bernanke says for now, the massive bond purchases will continue. we're hearing from brazil that a hike in bus fares from sao paolo has been repealed. the city's mayor and governor of the state made the announcement a short time ago. demonstrations against the hike rockeded city, bringing thousands of people into the streets. and sparking calls for social justice....
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Jun 20, 2013
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. >> he said the economy is getting better, that means the fed will stop all the stimulus. not right now but eventually. dow futures down 80 points, big sell-off yesterday, the dow, nasdaq, s&p all swooning by more than 1%. the dow was down 206 points. fed reserve chairman ben bernanke said the fed was prepared to "taper" its purchases of bonds as the economy improves. he signaled the stimulus program could end by next year, that could raise your borrowing costs, you would feel it. >>> a stunning turnaround for general motors for the first time j.d. power and associates says gm is the car company with the best quality. all four gm brands were ranked above the industry average. gm filed for bankruptcy back in 2009 so this is a milestone for general motors. >>> a faster version of wifi is on the way t will allow to you transfer, imagine this, a high definition movie to a tablet in less than four minutes. the samsung galaxy s4 and routers from cisco will be among the first to use this new high speed wifi. apple says its future products will use the faster network, full movie,
. >> he said the economy is getting better, that means the fed will stop all the stimulus. not right now but eventually. dow futures down 80 points, big sell-off yesterday, the dow, nasdaq, s&p all swooning by more than 1%. the dow was down 206 points. fed reserve chairman ben bernanke said the fed was prepared to "taper" its purchases of bonds as the economy improves. he signaled the stimulus program could end by next year, that could raise your borrowing costs, you would...
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Jun 22, 2013
06/13
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put the economy in terms we noneconomists understand. it's like a car. >> to return to the driving analogy, if the incoming data supports the view the economy's able to sustain a reasonable cruising speed we will ease pressure on the accelerator by gradually reducing pace of purchases. >> not put on
put the economy in terms we noneconomists understand. it's like a car. >> to return to the driving analogy, if the incoming data supports the view the economy's able to sustain a reasonable cruising speed we will ease pressure on the accelerator by gradually reducing pace of purchases. >> not put on
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Jun 18, 2013
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> the fed meets today and tomorrow and ben bernanke intends to pull back on the stimulus giving the economy. your 401(k) and your money depend on that guy right there. stay tuned. >>> chrysler has until midnight to decide whether it will recall 2.7 million jeeps. the government asked them to recall because of problems in the fuel tank that could cause a fire in rear end crashes. chrysler says we're not going to. tonight is the deadline. if chrysler does not agree to the recall the government then has to have public hearings and they can try this involuntary recall route and eventually has to take chrysler to court. >> can you explain that to me briefly. why is that a good pr move? is it a financial move? sounds bad. >> some watchdogs say it would be millions of dlafrz for them to have to recall all of these things, some of these model years are a little bit older but chrysler is determined not to recall these jeeps. they say that if there's a crash it's because the speed of the crash, not the design of the fuel tank. the government disagrees. >> that's the key. christine just told you they
> the fed meets today and tomorrow and ben bernanke intends to pull back on the stimulus giving the economy. your 401(k) and your money depend on that guy right there. stay tuned. >>> chrysler has until midnight to decide whether it will recall 2.7 million jeeps. the government asked them to recall because of problems in the fuel tank that could cause a fire in rear end crashes. chrysler says we're not going to. tonight is the deadline. if chrysler does not agree to the recall the...
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Jun 20, 2013
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how do you assess the global economy and the u.s. economy, is the extent to which there any momentum or possibility for faster growth? >> basically, i would describe both the united states and the rest of the world as being in a sluggish environment where effective demand, if we can use that old-fashioned term, is inadequate to galvanize the system in the growth. yet there is not enough downside weakness to create any significant short-term changes that i can see. there are very huge imbalances out there. what i find startling is there are so many things -- which nothing is happening. for example, the european central bank had this huge trillion-euro rise a couple years ago of the assets in their balance sheet. then it came down a little bit. and for the last several months it has been absolutely flat. in other words, the extent to which nothing is happening. it is just not credible with the in central of assets been spelling seats -- central bank balance sheets. there is very little of that spilling over into the marketplace. , mone
how do you assess the global economy and the u.s. economy, is the extent to which there any momentum or possibility for faster growth? >> basically, i would describe both the united states and the rest of the world as being in a sluggish environment where effective demand, if we can use that old-fashioned term, is inadequate to galvanize the system in the growth. yet there is not enough downside weakness to create any significant short-term changes that i can see. there are very huge...
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Jun 22, 2013
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does the economy recover painfully slowly? yesterday john taylor at stanford has an interesting study. this is the worst recovery from a financially related recession in the history of the united states. generally, the markets are slow to recover. this is far worse. this involves the entire economy. it was not in the financial collapse. ,ost: in the financial times have a headline, fed signals sent investors running for cover. he delivered the clearest signal yet that the u.s. central bank was preparing to scale back or tapir its monthly asset purchases as long as u.s. economic conditions improve as expected. he commented at a news conference on thursday. was speedy and brutal. from georgeers mason university is here to talk to us about that. our next call is charles on our line for democrats. caller: it is nice to be able to speak this morning in reference to the economy. my issue is simply this. we have an economy with the laws are not enforced. the big bank ceo's have gotten away with murder and wrecked in this country. not
does the economy recover painfully slowly? yesterday john taylor at stanford has an interesting study. this is the worst recovery from a financially related recession in the history of the united states. generally, the markets are slow to recover. this is far worse. this involves the entire economy. it was not in the financial collapse. ,ost: in the financial times have a headline, fed signals sent investors running for cover. he delivered the clearest signal yet that the u.s. central bank was...
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Jun 18, 2013
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you are looking at some of the most vulnerable people in our economy today. a cut, it is just not a cut of an increase. it would cut the program back -- back. which in my view at this time is a very difficult economy and food stamps -- you'll take my word and take a look at literature about how food stamps has helped people get out of poverty. why would we want people to fall back into it? we've had the highest rate of poverty that we have had in the united states today. host: democrat representing the third district on her 12 term. she served as ranking member on health and labor services and also served on the committee of agriculture, rural develop and and the fda. our next caller is bob in virginia democrat. caller: hi, i just said i strongly agree, she talks about spending priorities. if president obama would immediately cancel this 100 might tell her trip to africa, we could take all of that money and feed all of the hungry children in america. guest: guest: guest: well sir that is your point of view, we believe in the global economy today and we have i
you are looking at some of the most vulnerable people in our economy today. a cut, it is just not a cut of an increase. it would cut the program back -- back. which in my view at this time is a very difficult economy and food stamps -- you'll take my word and take a look at literature about how food stamps has helped people get out of poverty. why would we want people to fall back into it? we've had the highest rate of poverty that we have had in the united states today. host: democrat...
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Jun 17, 2013
06/13
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the economy is doing fine. the sequester is having a role as well. it seems anybody would turn off the sequester before september. the budget caps will continue for some time. i would expect the kinds of cuts will continue in the foreseeable future. callswe are taking your and comments on sequestration, the and the save leaks -- anthe and any other subject you want to talk about. caller: i would like to make a few comments. payingas immigration -- taxes. when you go out for a job, if you do not have a ged, you cannot get a job. that needs to be changed. this would give jobs from the middle class -- they have been working all these years. , making young people ends meet. as far as thent, surveillance, they should not be doing that to the american people that pay taxes. people with lines are not criminal. the republicans and democrats will lose focus. host: ken from delaware. we have a few tweets about that. host: ian swanson, if you could jump in. guest: half the senate did not show up for an nsa briefing. host: do they list who does and does not atte
the economy is doing fine. the sequester is having a role as well. it seems anybody would turn off the sequester before september. the budget caps will continue for some time. i would expect the kinds of cuts will continue in the foreseeable future. callswe are taking your and comments on sequestration, the and the save leaks -- anthe and any other subject you want to talk about. caller: i would like to make a few comments. payingas immigration -- taxes. when you go out for a job, if you do not...
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Jun 20, 2013
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the economy is improving. it could be doing even better if not for some irresponsible policies we have allowed to take shape in the congress related to sequestration. $85 billion in randomly distributed cuts. nobody in congress think this is a good idea. my constituents and others can reasonably ask the question, why have we allowed it to take place? independent economists have suggested it will cost the economy 750,000 jobs, 1.5 percentage points in economic growth. byislation sponsored congressman john conyers to repeal the sequester. a sequester replacement has been offered. the problem we face in the congress right now -- the senate and the house have passed budget resolutions. the next step would be for con ferees to have a conversation and figure out how to find common ground. after four here is, some of our friends on the other side of the aisle, led by the speaker and the chairman of the budget committee say, we want rental order and we want conference committees. now there -- we want regular order and
the economy is improving. it could be doing even better if not for some irresponsible policies we have allowed to take shape in the congress related to sequestration. $85 billion in randomly distributed cuts. nobody in congress think this is a good idea. my constituents and others can reasonably ask the question, why have we allowed it to take place? independent economists have suggested it will cost the economy 750,000 jobs, 1.5 percentage points in economic growth. byislation sponsored...
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Jun 17, 2013
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right now this economy is not growing, even in though we are being told it is growing. we are in the barrier removal is this. we do not get that message out there enough. the barriers to jobs, entrepreneurship, and ownership -- that gets people excited, that gets them in his yes to about what it is that we stand for. , r-a-c-e-eted races s. when the time comes that you can support and help to get some of the right people there. we have got to stop sending nearly 90% of the folks in d.c. back to d.c. 90%. a, activists. the foot soldiers like you and i are the ones who are going to be able to change things. the way we are going to be able to change things is that we are calling to continue to create and expand what we have already been doing for the past several years of creating a groundswell of activists, a groundswell of citizens and patriots and conservatives. as we create a groundswell of around number 2, which i will describe in a minute, it will be so massive that the politicians in washington, d.c. will want to get out in front of the parade. we have got to create
right now this economy is not growing, even in though we are being told it is growing. we are in the barrier removal is this. we do not get that message out there enough. the barriers to jobs, entrepreneurship, and ownership -- that gets people excited, that gets them in his yes to about what it is that we stand for. , r-a-c-e-eted races s. when the time comes that you can support and help to get some of the right people there. we have got to stop sending nearly 90% of the folks in d.c. back to...
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Jun 16, 2013
06/13
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he is trayvon by the basic bargain at the heart of our economy, the idea that hard work should be rewarded. he is motivated by the principle that no one who works full-time in the greatest nation on earth should have to raise their families in poverty or below poverty levels. his commitment to a rising, thriving middle class shines through in his often passionate resignations and, at least for an economist, they are passionate. [laughter] and the policies he has pushed. i know this will continue to be a focus of his research. are here today. i know they are all looking .orward to having alan back now that alan has some free time, he can turn to another burning passion of his, rocco nymex, the economics of rock 'n roll. this is something he cares about. seriously, and wednesday, he is giving a speech at the rock 'n roll hall of fame. he has a t-shirt under his suit -- don't showgue it. he has become one of my most trusted advisers and he's a wonderful friend. i am sad him go, but i and he will continue to do outstanding work and fortunately he will still be available for us to consult with
he is trayvon by the basic bargain at the heart of our economy, the idea that hard work should be rewarded. he is motivated by the principle that no one who works full-time in the greatest nation on earth should have to raise their families in poverty or below poverty levels. his commitment to a rising, thriving middle class shines through in his often passionate resignations and, at least for an economist, they are passionate. [laughter] and the policies he has pushed. i know this will...
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Jun 15, 2013
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it is a difficult to overstate the potential impact cybersecurity -- cyber threats posed our economy, our national security, and infrastructure on which our country relies. as why the fbi, along with our key partners at the table here, are strengthening our cyber capabilities in the same way we enhanced our intelligence and national security capabilities in the wake of 911 -- 9-11. i echo both of these gentlemen's comments this is a whole government approach when it comes to addressing this issue. in the last year, within the fbi, we had undergone a paradigm shift in how we conduct the cyber operations. while we previously watch and collect information and added to our understanding of the adversaries intentions, we do not we take action by seeking to disrupt them as in my in a counterterrorism base. we are now working with our partners successfully disrupting an impact in the individuals behind the would've made it their mission to attack, steel, spy, and commit terrorist acts against our nation and citizens. instead of watching foreign countries steal our intellectual property, we a
it is a difficult to overstate the potential impact cybersecurity -- cyber threats posed our economy, our national security, and infrastructure on which our country relies. as why the fbi, along with our key partners at the table here, are strengthening our cyber capabilities in the same way we enhanced our intelligence and national security capabilities in the wake of 911 -- 9-11. i echo both of these gentlemen's comments this is a whole government approach when it comes to addressing this...
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Jun 16, 2013
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economy is based on militarism. that is something that we have to get away from. i think the three dangerous people in the senate are lindsey graham, john mccain, and now kelly ayotte. kelly ayotte may be the most dangerous woman in the world because she is one of the last of the neocons. i'm afraid she's a little too late to the party could we are getting sick of it. i am a ron paul republican. everythingt about all along. everybody puts them down because he is, but at least he does not believe in perpetual war for perpetual peace. host: thanks for the call. this on our twitter page -- you can live in the northeast or midwest -- you know fracking is a big issue as hurling continues. it has created an economic boom and parts of pennsylvania and the upper midwest. the headline from the "weekly standard" -- as we said, the president is heading to northern ireland for the g-8 summit. from thehill.com jack joins us from minnesota, on our line for independence. caller: good morning. i hope you can give me about half an hour. i've got a lot of things to say. i am furiou
economy is based on militarism. that is something that we have to get away from. i think the three dangerous people in the senate are lindsey graham, john mccain, and now kelly ayotte. kelly ayotte may be the most dangerous woman in the world because she is one of the last of the neocons. i'm afraid she's a little too late to the party could we are getting sick of it. i am a ron paul republican. everythingt about all along. everybody puts them down because he is, but at least he does not...
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Jun 24, 2013
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we worry about our economy going down. this is a nation of deep anxiety end in that sense than nuclear terror almost becomes kind of a condenser for society's broader anxiety. and it enables -- it enables terrorists with communication skills to become a virtual nuclear powers. i mean, i was fascinated by the fact that in addition to your list of quotes at the beginning there about our predictions, we had in 2008, and a public speech by the director of the central intelligence agency say that the agency's number one nuclear concern in the world. north korea, nuclear weapons. a bunch of people have nuclear weapons. how did it they ascend to number one in this? and this is really a reflection, in many cases of our own. they became too skillful communication -- there were treated as if there were a virtual nuclear power. and in the analytical community, in the analytical community the burden of proof shifted from not looking for the evidence that they were or could be, but to try to come up with the evidence that they could no
we worry about our economy going down. this is a nation of deep anxiety end in that sense than nuclear terror almost becomes kind of a condenser for society's broader anxiety. and it enables -- it enables terrorists with communication skills to become a virtual nuclear powers. i mean, i was fascinated by the fact that in addition to your list of quotes at the beginning there about our predictions, we had in 2008, and a public speech by the director of the central intelligence agency say that...
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Jun 22, 2013
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that i represent, i hope your attention will be paid to those communities because it is important for economy or my state, i am sure others are in similar situations. i wanted to ask you, you said there would be an impact, mr. leocha, on places like boston. would you explain that more? >> let me talk about the pilot issue. i get phone calls about every week from people from u.s. a p a, u.s. airways pilots association. everyone is not happy. there are still lot of questions and obviously there may be support for the merger because they are getting rid of someone they don't like or getting paid a lot more money but that doesn't mean necessarily we are not going to have labor unrest. back to the smaller airports what we did when we did our overlap study we found out airports like boston and bradley have some of the highest numbers of these overlapping connecting rooms so what happens is american airlines has we 3 or four routes back and forth between bradley and seattle or bradley, they might go bradley, chicago, seattle and someone might go bradley, philadelphia, chicago. as we right size it, i
that i represent, i hope your attention will be paid to those communities because it is important for economy or my state, i am sure others are in similar situations. i wanted to ask you, you said there would be an impact, mr. leocha, on places like boston. would you explain that more? >> let me talk about the pilot issue. i get phone calls about every week from people from u.s. a p a, u.s. airways pilots association. everyone is not happy. there are still lot of questions and obviously...
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Jun 19, 2013
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. >> this, in turn come a ways on the economy as a whole. can you explain how the cfpb has approached this critical issue. >> i would prefer that in our office. we handle our student loan initiatives and i would say that it is one of the areas that we are very proud of in terms of the activities that we have proceeded with. but he is much more adept at answering those questions. >> thank you. going back to the financial question is part of my colleagues. they have argued that the cfpb should be subject to ensure greater accountability for the agency. this is despite the fact that congress has consistently provided for independent funding for other bank regulators. in your own personal view, can you tell me how likely you could explain why congress gave all the bank regulators independent funding, and to what extent is it important for a regulator with responsibility for examining large institutions with stable and consistent funding. >> congressman, i think that your last point is the point that having that stable funding allows us to focus
. >> this, in turn come a ways on the economy as a whole. can you explain how the cfpb has approached this critical issue. >> i would prefer that in our office. we handle our student loan initiatives and i would say that it is one of the areas that we are very proud of in terms of the activities that we have proceeded with. but he is much more adept at answering those questions. >> thank you. going back to the financial question is part of my colleagues. they have argued that...
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Jun 17, 2013
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economy, then i'm for it. the other point is i think natural gas prices will find their way whether we export or not. you may have some temporary dislocations and some temporary volatility. but if we give the producers an incentive to produce, then they will produce, and we will have, i think, plentiful supply at a price that's going to provide equilibrium to the market in a sensible way. whether you export or not, i think prices are go to that level. -- will go to that level. and so for the good of america, for the good of our economy, pursuing north american energy security and using the blessing of these so-called tight gases to grow the economy is something we should do. >> secretary moniz talked about the need to move forward on climate, and this question asks for your opinion on things like carbon taxes, fees, regulatory limits on co2 and that kind of thing. how does southern company fit into that? >> sure. i think carbon taxes are bad for the economy. when i talk about the solutions that we've got to be
economy, then i'm for it. the other point is i think natural gas prices will find their way whether we export or not. you may have some temporary dislocations and some temporary volatility. but if we give the producers an incentive to produce, then they will produce, and we will have, i think, plentiful supply at a price that's going to provide equilibrium to the market in a sensible way. whether you export or not, i think prices are go to that level. -- will go to that level. and so for the...
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Jun 22, 2013
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is it the economy of scale? whereas most people please explain your views. >> you can reduce the total amount of expenditures of procurement by quantities but each one you buy will cost more. there is a difference looking at the unit cost and the overall total. >> on the f-22 program roughly estimated costing about $70 billion to develop and procurer 750 aircraft. they started to cut costs by reducing aircraft with a 180 aircraft so the cost of the program did not go up but the cost of each aircraft did. that is the one way to save on this program that will cost just looking at the acquisition cost over 12 billion over the next 25 years, you can try to get efficiencies that i am sure they will be but in the end this happens as those programs to reduce quantities. >> this is not new to do in a development. >> as part of this legendary cycle with the acquisition programs they cannot budget and they have trouble meeting the requirements and then they spend too much money and they cannot buy as much. >> do you belie
is it the economy of scale? whereas most people please explain your views. >> you can reduce the total amount of expenditures of procurement by quantities but each one you buy will cost more. there is a difference looking at the unit cost and the overall total. >> on the f-22 program roughly estimated costing about $70 billion to develop and procurer 750 aircraft. they started to cut costs by reducing aircraft with a 180 aircraft so the cost of the program did not go up but the cost...
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Jun 20, 2013
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economy overall could use the boost that will come if we could pass meaningful immigration reform. again, i support this amendment. i commend my colleagues from tennessee and north dakota and all those who were working in the gang of eight and elsewhere. there are some who say that many people are trying to kill this bill and bring poison pill amendments. for the most part, what i have seen are people who want to improve this legislation, to make it better, to deal with this problem in a way that will solve it for good so we don't have to return to this a couple of years from now. again, i appreciate my colleagues for offering the amendment. i look forward to discussing it either this weekend or next week. i yield the floor. mr. leahy: mr. president? mr. president, i suggest the absence of a quorum. the presiding officer: the clerk will call the roll. quorum call: mr. leahy: mr. president? the presiding officer: the senator from vermont. mr. leahy: i would ask consent the call of the quorum be dispensed with. the presiding officer: without objection. mr. leahy: mr. president, sever
economy overall could use the boost that will come if we could pass meaningful immigration reform. again, i support this amendment. i commend my colleagues from tennessee and north dakota and all those who were working in the gang of eight and elsewhere. there are some who say that many people are trying to kill this bill and bring poison pill amendments. for the most part, what i have seen are people who want to improve this legislation, to make it better, to deal with this problem in a way...
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Jun 18, 2013
06/13
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will they go after the networks of the banks and the systems and the pieces that are going to hurt our economy or our power grids, all those things that are actually out there in the civilian sector. we feel like national guardsmen who work in these sectors, reservists in general will have sometimes the first look and ability to see those things, identify them, fix them and go in and clean them up. i think the challenges that we're going through right now is that we think it's important that whatever it is that we build in the reserves and national guard is we feel that it's important that it mirror the title x capability, the same standards and training that general clarke and general ingram have talked about before so that we are integral and replaceable for pieces of the federal title x mission domain. and so a lot of ongoing discussion with how we build that and how the national guard can contribute to it. turn it over to bill and sid. >> thanks, joe. picking up on that, right now we have army national guard soldiers that are working as soldiers at nsa and have been for the last ten years,
will they go after the networks of the banks and the systems and the pieces that are going to hurt our economy or our power grids, all those things that are actually out there in the civilian sector. we feel like national guardsmen who work in these sectors, reservists in general will have sometimes the first look and ability to see those things, identify them, fix them and go in and clean them up. i think the challenges that we're going through right now is that we think it's important that...
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Jun 15, 2013
06/13
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the signal that is being sent out from this country is that basically we are modeling the american economy on europe and it is a failed model. doesn't work. there is no way you can have the deficits we have had and have the debt we are incurring without sending out a signal to the world that this country is not going to be what it was in the past. there is no way you can do that. if you are not going to act responsibly people take that message and they see it and then you turn around and when i went to washington eisenhower was president. i came out of the navy and served during kennedy, johnson and congress, we were spending 10% of gross domestic product on defense. today we are spending less than 4%. our allies in europe are spending less than 2%. the signal that goes out before the sequestration is we cut $493 out of the pentagon defense budget and we are about to cut another half a trillion which brings it close to $950 billion out of the ten year budget. the signal to the world is the united states is not going to be in position to contribute to a more peaceful and stable world in the
the signal that is being sent out from this country is that basically we are modeling the american economy on europe and it is a failed model. doesn't work. there is no way you can have the deficits we have had and have the debt we are incurring without sending out a signal to the world that this country is not going to be what it was in the past. there is no way you can do that. if you are not going to act responsibly people take that message and they see it and then you turn around and when i...
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Jun 17, 2013
06/13
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when obama authorizes torture and crashes the economy, we can talk. but the unconstitutionallizing of -- institutionalizing is part of the obama legacy. go ahead. >> this is not film to say that he is as bad as bush to say there's one area that he is following in bush's footsteps and in some ways, has our ability to do surveillance on a massive scale has increased so has that surveillance. >> stephanie: well, you know you probably saw michael hayden on the sunday shows who is the head of this under bush. he said look, obama is doing this with much more transparency than we did. he's doing it -- everything obama has said with more oversight and more checks and balances. you can have the whole discussion. should we be doing any of it in the first place. i had alan grayson on last week who i love. we have to have agitators and great liberals but his bill, when the president said you didn't have 100% security and 100% privacy his bill would give us 100% privacy but i don't think it's workable. >> i think i said last week, my take is this is happening. we
when obama authorizes torture and crashes the economy, we can talk. but the unconstitutionallizing of -- institutionalizing is part of the obama legacy. go ahead. >> this is not film to say that he is as bad as bush to say there's one area that he is following in bush's footsteps and in some ways, has our ability to do surveillance on a massive scale has increased so has that surveillance. >> stephanie: well, you know you probably saw michael hayden on the sunday shows who is the...